ANZ posted an interim cash profit of $A2.8 billion, a 24 per cent decline on the previous corresponding period, on the back of $A717 million cost for the specified items.
Those items also include the sale of the Esanda Dealer Finance portfolio, the carrying the value of some Asian partnerships and a restructuring provision.
“In today's environment a lot of the technology [the bank uses] has a much shorter [lifecycle],” Hodges told BlueNotes on video. “That [item] reflects a discipline we want to have across the business where we spend more in today results and not put it on the slate to be an expense in the future.”
Hodges also touched on the bank’s partnerships and the sale of Esanda. Watch the video above to find out more.
Andrew Cornell is Managing Editor at BlueNotes